Wall Street’s AI trade broadened this week as Intel and AMD each rose about 25%, Micron gained more than 35%, and Corning climbed roughly 20%, while Nvidia added 16% in 2026 after a 9% weekly rally. Investors are shifting attention from GPUs to CPUs, memory, and fiber as demand expands from chatbots toward AI agents. Bank of America projects the data-center CPU market could grow from $27 billion in 2025 to $60 billion in 2030, underscoring the scale of the buildout.

Fluor Corp. fell 15% after reporting Q1 2026 earnings, despite net income rebounding to $160 million. The pullback followed a revenue miss ($3.66B vs. $3.89B consensus) and a tighter full-year EBITDA outlook tied to mining-segment cost growth. One proposed approach to offset a roughly $2.50 drop uses a June 50/52.5 1x2 call ratio spread.

Roundhill Investment's Memory ETF (DRAM) has gathered more than $5 billion in assets since launching on April 2, including $1.1 billion added on Thursday. The ETF has posted daily inflows for 23 sessions and is up about 70% over that span, while options trading hit over 90,000 contracts Thursday with call buying outpacing puts.

A study covering 1926–2025 found that just 46 firms produced half of the stock market's total wealth creation, even as the typical stock lagged sharply. The research also reports the broad market created $91 trillion in wealth over the century, while a value-weighted portfolio turned $1 into $15,401 versus $25.34 for Treasurys. Experts quoted in the report say these results highlight why many investors prefer broad diversification over trying to identify future standout stocks.

The One Big Beautiful Bill Act broadened the federal QSBS capital-gains exclusion for startup founders and investors, but several states are now moving to tax those gains at the state level. Last month, Maine and Oregon passed bills to decouple from the federal QSBS exemption, while similar proposals in New York and Washington state did not advance. Attorneys said the changes could influence where high-net-worth taxpayers live when they sell stock, even as planning tools such as trusts may still reduce exposure in some cases.